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Article: Santander Brasil Reported Net Profit of R$ 3.917 Billion in the First Nine Months of 2009, up 30.3%.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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Banco Santander (Brasil) S.A. (NYSE:BSBR) reported net profit of R$ 3.917 billion in the first nine months of 2009, an increase of 30.3% compared to the R$ 3.007 billion recorded in the same period last year, according to International Financial Reporting Standards (IFRS). This evolution was better than in the first half of 2009, when profit growth over 2008 totaled 13%.
Santander is releasing its financial statements under IFRS before the mandatory implementation of these standards on December 31, 2010, in accordance with CMN Resolution 3786 of September 31, 2009. The institution believes that by doing so, align the interests of shareholders and potential ...
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